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Alphabet bets on generative AI as cloud boosts Q2 revenue

CIO

Alphabet on Tuesday reported a 7% increase in revenue for the quarter ended June driven by the growth in its cloud computing division, Google Cloud. Net income for the company rose to $18.36 The division’s net sales stood at $8 billion compared to $6.27 The company posted revenue of $74.6 billion compared to $69.7

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Coatue backs Kubercost’s goal of supply data to millions of Kubernetes developers

TechCrunch

For those who need a refresher on Kubernetes, it is an open source container project created by Google in 2014 to automate, monitor and run applications. The company’s core product is open source and freely available for teams, something Brown said will always be true.

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AutoCloud raises $4M to commercialize its OSS cloud visualization service

TechCrunch

AutoCloud is the commercial side of the CloudGraph open source project. The hybrid open source (OSS) and commercial combination is an increasingly popular startup method of attacking markets. announced a $30 million raise for its commercial and open source approach to neural search, for a more early-stage example.

Cloud 212
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Honeycomb Closes Best Quarter in Company History Fueled by Rapid Adoption Among Engineering Teams

Honeycomb

To replicate and scale this success, leading observability solution brings on four new executives including CMO Reet Mand, SVP of Global Revenue Jason Robinson, Director of Open Source Austin Parker, and Senior Director of Product Marketing Josh Pederson.

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Cybersecurity Snapshot: Cyber Agencies Offer Secure AI Tips, while Stanford Issues In-Depth AI Trends Analysis, Including of AI Security

Tenable

Meanwhile, a new open-source tool aims to simplify SBOM usage. To get more details: Check out the report’s highlights page Dive into the full “Artificial Intelligence Index Report 2024” report 3 - OpenSSF launches open source SBOM tool Are you involved with software bills of materials (SBOMs) in your organization?

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Predibase exits stealth with a low-code platform for building AI models

TechCrunch

” Predibase is built on top of open source technologies including Horovod, a framework for AI model training, and Ludwig, a suite of machine learning tools. “For many working in this space, Predibase provides a net new capability when tackling use cases on unstructured data.”

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From Hype to Hope: Key Lessons on AI in Security, Innersource, and the Evolving Threat Landscape

Coveros

Result: Disrupted production led to product shortages and a 23-28% loss in net sales for Q1 2024. Only 11% of open source projects are actively maintained. GitHub Octoverse 2023: The state of open source and rise of AI 65,000 public generative AI projects created in 2023 with 248% year-over-year growth.